Serendipitous monetizer

Article Abstract:

Houston Industries Inc (HI) was able to use Automatic Common Exchange Security (ACES) to consolidate its stake at Time Warner effectively ensuring that the company earns at Time Warner even if its shares are trading at below normal levels. ACES effectively caps any downside exposure to the company while enabling profits to be earned during the upside. HI now sits on unrealized gains of $304 million on the company's 22.9 million-share exposure.

Wired Telecommunications Carriers, Electric Power Generating, Electric Power Generation, Electric services, Financial Planning, Holding companies, not elsewhere classified, Financial Holding Companies NEC, Offices of Other Holding Companies, Telegraph Communications, Methods, Analysis, Finance, Column, Holding companies, CenterPoint Energy Inc., Financial instruments, Financial holding companies, Financial management, HOU, Telegraph services

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An umbrella for the middle market

Article Abstract:

Starr Excess Liability Insurance has introduced its Financial Products Umbrella, a basket policy that provides excess capacity for several lines. The policy covers professional indemnity, directors and officers, employment practices and fiduciary liability for firms between $100 million and $1 billion in assets, avoiding the need to buy individual policies for each line.

Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Surety insurance, Management, Insurance industry, Property and casualty insurance, Liability insurance, Starr Excess Liability Insurance Company Ltd.

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Making the Internet safer for documents

Article Abstract:

Issues are presented concerning the security fears which are connected with the use of the Internet to distribute documents. The services offered by two companies, Bolero.net and securEdoc, which claim to have secure sites are discussed.

Safety and security measures, Services, Internet, Internet service providers, Internet security, Bolero.net, securEdoc

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